Cohen, Milstein, Hausfeld & Toll, P.L.L.C. Files Class Action Suit Against Merrill Lynch and Henry Blodget

Business Wire, May 15, 2002

Business Editors, Legal Writers

WASHINGTON--(BUSINESS WIRE)--May 15, 2002

Cohen, Milstein, Hausfeld & Toll, P.L.L.C., filed a lawsuit on May 15, 2002, in the United States District Court for the Southern District of New York on behalf of purchasers of the common stock of 24/7 Real Media, Inc. (Nasdaq:TFSM) between the period of May 12, 1999 through November 9, 2000 (the "Class Period"), against Merrill Lynch & Co., Inc. and its internet analyst Henry Blodget.

Cohen, Milstein, Hausfeld & Toll, P.L.L.C. is also involved in other cases against Merrill Lynch and Blodget on behalf of purchasers of Infospace, Internet Capital Group, Aether Systems and Excite@Home stock.

The Complaint alleges that to maintain and enhance Merrill Lynch's investment banking relationships with TFSM, defendants issued analyst reports with positive ratings on TFSM which were materially misleading as they were inconsistent with their own contemporaneous, private adverse assessments of TFSM. For example, defendants were repeatedly issuing a short-term accumulate, long-term buy rating on TFSM despite their internal e-mails, which criticized an investment in TFSM.

Cohen, Milstein, Hausfeld & Toll, P.L.L.C. has significant experience in prosecuting investor class actions and actions involving financial fraud. The firm has offices in Washington, D.C., Seattle, Washington and New York, and is active in major litigation pending in federal and state courts throughout the nation.

The firm's reputation for excellence has been recognized on repeated occasions by courts which have appointed the firm to lead positions in complex multi-district or consolidated litigation. Cohen, Milstein, Hausfeld & Toll, P.L.L.C. has taken a lead role in numerous important cases on behalf of defrauded investors, and has been responsible for a number of outstanding recoveries which, in the aggregate, total over a billion dollars.

If you purchased TFSM common stock during the period from May 12, 1999 through November 9, 2000, inclusive, you may, no later than June 25, 2002, move to be appointed as a Lead Plaintiff.

If you have any questions about this notice or the action, or with regard to your rights as lead plaintiff or as a member of the class, please contact either of the following:

Steven J. Toll, Esq.

or

Katrina Jurgill

Cohen, Milstein, Hausfeld & Toll, P.L.L.C.

1100 New York Avenue, NW

West Tower, Suite 500

Washington, DC 20005

Telephone: 888/240-0775 or 202/408-4600

E-mail: stoll@cmht.com or kjurgill@cmht.com